The Facts Behind Your Figures - Federal Reserve Bank of ...

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Item C.1 – Total Savings Deposits Report all passbook savings, money market deposit accounts, escrow deposits, individual retirement accounts, and club accounts that meet the definition of a savings account. These accounts are limited to no more than six transfers (three by check) per statement cycle. Item D.1 – Total Time Deposits Report all time deposits in which the depositor does not have the right to withdraw funds within the first six days (after deposit) unless this transaction is subject to an early withdrawal penalty of at least seven days’ simple interest. Item E.1 – Vault Cash Include all currency and coin owned by the reporting institution. This includes all shipments in transit to Federal Reserve Banks and correspondent depository institutions for which credit has not yet been received, and all shipments in transit from Federal Reserve Banks and correspondent depository institutions for which the reporting institution has not yet been charged. Item F.1 – Time Deposits Greater than $100 Thousand Report all time deposits (also reported in item D.1) whose end of day balances are greater than $100 thousand. Items Reported on an Annual Basis Schedule BB and CC on the FR2900 report are only completed annually (June 30th for weekly reporters). During all other weeks these fields should remain empty. As the applicable reporting week approaches, supplemental guidance will be provided on the reporting requirements associated with these particular items. 16
Common Reporting Mistakes Item A.1a – Demand Deposits Due to Depository Institutions • This item should not include deposits of trust departments of other institutions or any U.S. Government agencies (such as the Federal Home Loan Bank). • This item should not include a demand deposit due to a depository institution that is negative (i.e. overdrawn). The amount of negative balances should be regarded as zero when computing the deposit total. Item A.1b – Due to U.S. Government • This item should not include demand deposits held for State & Local Government accounts or their political subdivisions. Item A.1c – Other Demand • This item should include matured Time Certificate of Deposits unless the deposit agreement specifically provides for automatic renewal or funds to be transferred. Item A.2 – ATS Accounts, NOW Accounts/Share Drafts, and Telephone and Preauthorized Transfers • This item should not include corporate accounts as corporations are not eligible for NOW accounts. Item B.1 – Demand Deposits Due From Depository Institutions • This item should not include Federal Reserve or Federal Home Loan Bank Board (FHLBB) balances (not reported on the FR 2900). • This item should not include savings or time deposit balances with depository institutions. • This item should not include federal funds sold to other depository institutions. 17
Page 1 and 2: Report of Transaction Accounts, Oth
Page 3 and 4: Introduction This booklet was compi
Page 5 and 6: Deadlines for Report Submission The
Page 7 and 8: Explanations for Unusual Data Fluct
Page 9 and 10: Revision Policy The importance of m
Page 11 and 12: Deposits As Defined Under Regulatio
Page 13 and 14: Non-Transaction Accounts 1. Savings
Page 15: FR 2900 Line Item Overview Item A.1
Page 19 and 20: Comparison Editing Worksheet The fo
Page 21 and 22: Transaction Sweep Accounts The basi
Page 23: Sweep Activity Worksheet Completing

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